13 C.F.R. § 108.502
Representations to the public
You may not represent or imply to anyone that the SBA, the U.S. Government or any of its agencies or officers has approved any ownership interests you have issued or obligations you have incurred. Be certain to include a statement to this effect in any solicitation to investors. Example: You may not represent or imply that “SBA stands behind the NMVC Company” or that “Your capital is safe because SBA's experts review proposed investments to make sure they are safe for the NMVC Company.”
Notes of Decisions
Cited in 1
case, 1997–1997 · leading case: State Ex Rel. Humphrey v. Delano Cmty. Dev. Corp., 571 N.W.2d 233 (Minn. 1997).
State Ex Rel. Humphrey v. Delano Cmty. Dev. Corp., 571 N.W.2d 233 (Minn. 1997). “See 13 C.F.R. § 108.502 -l(e) (1963). The SBA allowed either nonprofit or for-profit development corporations to participate in the loan program, so long as the entity’s primary goal was to benefit the community.”
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